To ensure a safe trading space for such crypto investors, The government may allow the use of crypto as assets in the country, though this use might be taxed for the first time ever. This means people in India may be able to buy or sell crypto currencies as shares, gold or bonds.
Does this tax system help investors to save from froud?
Cryptocurrency trading is not prohibited in India if I am not wrong so many exchanges were operating there with mandatory KYC policies so even though there is no specific laws and tax rates for cryptocurrency trading in India still you have to pay your taxes and based on my research it will fall under the capital gain tax so they are still making revenue from cryptocurrency trading even though its still unregulated there.